XAUUSD afternoon update
XAUUSD does not look very bullish at the moment.
Key resistance at the moment is 2387.71; any move above that price would confirm the zigzag and give the bulls a sigh of relief.
Most bullish scenario is in green, with zigzag already completed. Count in yellow has a larger C wave down below 2200. Most bearish scenario in red, where XAUUSD completes a full 5-wave impulse down from ATH.
Key resistance at the moment is 2387.71; any move above that price would confirm the zigzag and give the bulls a sigh of relief.
Most bullish scenario is in green, with zigzag already completed. Count in yellow has a larger C wave down below 2200. Most bearish scenario in red, where XAUUSD completes a full 5-wave impulse down from ATH.
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